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Category: Point of View
Repeated attempts by the state to say goodbye to its assets have ended in doubt. And it willingly kept them to itself. And recently it has increased its participation in the formation of the national product. It seems that the public sector’s last trip to the “beauty salon” will not be limited to a new haircut either.
All last year, the Moldovan labor market continued to shrink. Employment decreased quarter by quarter, the labor force potential decreased in unison. At the same time, the human resources services noted “market freezing”, both on the demand side and on the supply side. Following economic logic, caution in labor relations reduces risks for both sides in difficult times.
The central bank gave an optimistic inflation forecast – its peak, according to NBM estimates, has already passed. NBM Vice President Petru Rotaru presented the first inflation report of the year and confirmed that the NBM is determined to return to the target of 5%. But within a wider range of possible deviations.
“While economic growth is expected to recover in 2025, downside risks remain. Authorities should pursue prudent policies and maintain adequate levels of reserves, and have robust contingency plans in place, including shocks to the energy sector. And at the same time – promote investment and reforms favorable to economic growth. The EU accession process will also play a favorable role in this regard.
The updated memorandum of the International Monetary Fund (IMF) on the results of the sixth program review includes new commitments for Moldova for 2025. Among them – those not fulfilled in the past. They are related to increased risks of climate change and anti-corruption agenda, central bank management, budget revenues and salaries of officials. Two more assessments are foreseen under the program, which will end in December 2025.
On January 1, 2025, Moldova intends to implement a new fiscal formulas, utilized for the import of mașini, which would prevent the elimination of private TVA beneficiaries.
